Litecoin Rallies 10%, Indicators Suggest Rally To $70

Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin) towards $70.00 or $75.00 in the near term.

  • Litecoin started a strong rally above the $55.50 and $58.00 resistance levels against the US Dollar.
  • The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $54.00 on the 4-hours…

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